# BofAML: Australian dollar headed to 85 cents through 2019 - MacroBusiness

> BofAML sees the Australian dollar reaching 85 cents through 2019, arguing the currency is undervalued relative to rate differentials and terms of trade. The bank recommends buying AUD crosses amid broader US dollar strength.

- Date: 2018-05-25 · published 2018-05-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65265-bofaml-australian-dollar-headed-to-85-cents-through-2019-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A bullish AUD view signals firmer Australian export pricing over time, though the effect on feed markets is indirect and long-dated.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/05/bofaml-australian-dollar-headed-85-cents-2019/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.